MOVING PIECES: Compared with the electronics manufacturer’s site in the Philippines, the lot in Ha Nam Province might offer better logistics and labor, Credit Suisse said
Date: Dec 02, 2019
By: Chen Cheng-hui / Staff reporter
Contract electronics manufacturer Wistron Corp (緯創) last week said that it plans to purchase land in Vietnam, as the company continues to gradually shift production to Taiwan, India and the Philippines to diversify risk.
The 232,087.74m2 lot the company aims to secure is in the Dong Van III Industrial Zone in Ha Nam Province in northern Vietnam, Wistron said in a regulatory filing.
The transaction would total 337.4 billion dong (US$14.6 million), Wistron said.
The company did not provide additional details on the purchase, which remains subject to approval by the board of directors at a meeting next month. [FULL STORY]